ABOUT

As a subclass of DAO, an xDAC is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance and management tools, and a support system for DApps - all housed on top of EOS.
The xDAC governance is regulated by an xDAC platform – designed as a self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations.

xDAC

xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform, decentralized digital ledger, by one or multiple human or autonomous agent owners or a mixture of both that share a common purpose and unites in order to achieve specific, declared goals.

xDAC Platform

The focus of an xDAC platform is not just company creation and token distribution, but establishing standards for decentralized businesses. An xDAC platform takes full advantage of decentralized ledger technology and lets anyone create and manage company without the limitations of geography.

PROBLEMS AND SOLUTION

Centralized businesses have a single point of failure and setting up global operations come with their own set of legal and regulatory issues.

An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents and investors in crypto space – all of whom benefit from a decentralized entity.

Funds and DApps

xDAC PLATFORM FEATURES

The focus of an xDAC Platform is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography.

Governance and Disputes

The xDAC platform establishes digital jurisdiction over xDACs created and operated by business owners. Disputes with third parties are resolved expediently and objectively through a decentralized Dispute Representative Board (DRB).

Ownership and Token Issuance

Owners have option to issue a certain number of voting or non-voting tokens through a smart contract and distribute them between the owners or public via ICOs or a token sale.

Payment Processing

The most important part of each company is payment processing and the use of digital wallet technology. An xDAC platform will create a wallet with merchant tools for each xDAC upon the establishment of a company on the platform.

Liability Fund

An xDAC Liability Fund is coverage in case the xDAC's debts or liabilities exceed a certain debt-to-equity ratio. It is calculated as a percentage of received payments until certain threshold is reached. This protects investors in case of xDAC default.

PoW PERFORMANCE RATING

xDAC’s PoW mechanism allows for an automated rating system to track the effectiveness of team members and companies and distribute the platform profit by way of participation.

Project and Team Management

Project and team management is a key feature of PoW Performance Rating. It helps xDAC keep up with tasks, scheduling, and distributing automated payments to team members.

ARCHITECTURE

An xDAC ecosystem can be viewed as several distinct technological layers strategically connected together.

EOS

Among the decentralized smart contract platforms, EOS is the most advanced feeless Blockchain platform.

xDAC Platform

The public’s smart contract layer provides an open-sourced implementation of key components creating the governance for decentralized applications (DApps) and Autonomous Agents to be built upon.

xDAC Client

The xDAC client is an innovative user interface that brings together all the DApps and Autonomous Agents in one place. The initial plan is to build website and desktop applications for easier interaction with the xDAC Platform.

Token Sale

xDAC token is the platform currency used for dispute resolutions, payrolls, merchant payment processing, profit distribution and development incentives.

Name

Blockchain

Token Issue Volume

Token Sale Volume

Soft Cap

Hard Cap

Token Price

1 ETH

Min Purchase

XDAC

Ethereum-based (ERC223) token

1,000,000,000

400,000,000

1,400 ETH

35,400 ETH

0.0001 ETH

10,000 XDAC

0.1 ETH/1000 XDAC

Early Investors

TOKEN DISTRIBUTION & USE OF FUNDS

A token sale will distribute 40% of tokens within investors and 20% of tokens will be used to incentivize early adopters of the platform. The remaining 40% will be retained with the project team. Proceeds from a token sale will primarily be used for R&D, operational expenses and marketing.

XDAC Token Distribution

40% Token Sale (Pre-ICO and ICO)

20% Community (Token Airdrop, xDAC Team Members and Arbiters)

20% Team, Early Backers and Advisers (Vested 6 months)

20% Foundation (Vested 1 year)

Use of Funds

40% Research & Development

25% Marketing and Community Management

25% Operational

5% Legal & 5% Reserve

ROADMAP

Initially, we will focus on developing a reliable product. We project 2018 will be dedicated mostly to R&D. Starting in 2019, we will expand our efforts to marketing, development and building strategic partnerships.

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